Monday, August 25, 2008

Stock Surge

Boy, what a ride. It is interesting how much my stocks have ebbed and flowed over the past two months. I have had swings of 10% in the red, and 5% in the black. Currently, I am at a very healthy 2% black. This is especially encouraging since I am 20% vested in BAC. Granted, the Bank of America stock has been the cause of most of my stock turbulence. I am still very hopeful that they don’t cut their very healthy dividend.

I am still hemming and hawing over my decision to go with Scottrade for my primary investment account. I have been hearing more and more about Zecco and their free dividend reinvestment services. The more I learn about stock trading, the more I am realizing that I see myself as more of a buy and hold stock investor than a day trader. I really don’t like to have multiple accounts floating around everywhere, so I’ll likely stick with Scottrade. The $7 per trade that they charge (even for dividend reinvestment) is really nominal in the grand scheme of things. After all, I DID spend $3.50 on coffee and milk at Starbucks today.


BJN said...

Anybody who's anybody says don't be a day trader. Investing is always long term. Even that idiot "mad money" guy says that.

I'll let you know when I have enough disposable income to do lots of fun investing. I'll probably be into lots of Mutual funds and IRA's. If I'm really well off I'll buy stock in solar and wind energy companies. For now I'll keep paying off debt and eating ramen. ha ha